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Testamentary Letters of Wishes – Part 1

The disposition of a loved one’s personal and household items can be a source of disagreement and upset among family members during an already emotional time. There is much that the estate planner and his or her client can do to minimize any discord that might arise during this process. A powerful planning tool in this regard can be a letter of wishes. A letter of wishes appeals to many….

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Ðo STARs appear bigger in the Caribbean?

This Blog was written by: Gosha Sekhon   When I think of the Cayman Islands, I picture sandy beaches, warm temperatures, high-end lifestyles, and since it’s the dead of January, did I mention warm temperatures? More often the Islands are also seen as a tax haven, having never levied income taxes, capital gains taxes or a wealth tax.   What might come to mind less often when thinking of the….

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Replacing an Estate Trustee

With minimal restrictions, a testator can appoint whomever they wish as their estate trustee.  However, as our avid readers may know, a testator does not always make the best choice.  In such cases, section 5 of Ontario’s Trustee Act gives the court the power to appoint a new estate trustee (or estate trustees), either in substitution for or in addition to the existing estate trustee(s). Justice Myers’ decision in Laski….

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